Do Market Participants Learn? The Case of the Budapest Stock Exchange

In the paper we consider one of the faster growing Central European emerging markets: the Budapest Stock Exchange (BSE), in order to see whether the market becomes more weak-form efficient over time. The Hungarian exchange is selected because it is the oldest stock exchange operating in the region and, in 1995, it was the first Central European exchange admitted by the London Stock Exchange as a properly regulated stock exchange. As an econometric tool for comparative analysis, we use a Test for Evolving Efficiency (TEE). In a comparison of nine stocks and the market index (BUX) we found that the BSE becomes more mature but the process is surprisingly slow.     

Diagnose: Doppelbefund — Ursache: ungeklärt? Die kontroversen um den „demokratischen Frieden“

Ohne Zusammenfassung     

中俄有名合同立法比较研究

在市场经济条件下,民事主体之间的关系主要体现为合同关系。从计划经济向市场经济转型的中俄两国对各种类型的合同作出了立法规定,但由于两国改革设计者在改革思路、立法理念、国情和立法技术上的不同,两国对有名合同的规定仍然存在着重大的差别。中国至今没有完成民法典的制定,一部统一的单行合同法对各种类型的合同作出了系统规定。虽然中国合同法秉承世界先进理念,立法技术也臻于成熟,但典型合同的类型仍显不足,且受市场经济不够完善的制约,法律条文留给民商事主体的创新空间非常有限,从而影响有名合同的民间生成。俄罗斯民法典规定的有名合同类型相对较多,较之中国合同法的规定也相对完备,值得中国借鉴,但在理论与立法技术上亦存在诸多问题,亦有吸收中国立法经验的必要。     

Politicians Using History

The political potency of national history has been understood for generations. Yet there has been an unquestionable surge in history's political influence over the last twenty or thirty years, as the various history wars that have broken out around the world attest. Australia has been no exception: disputes over its national story continue to generate considerable controversy in the media, in politics and in public debate. But how has this politicisation of the past affected Australian political history in the present? This paper examines how history is practised in contemporary Australian politics — and notices an increasingly strategic use of the past by politicians in recent years.     

“Success” in policy piloting: Process,programs, and politics

Research has demonstrated that pilots contain multiple shifting purposes, not all of which relate to simple policy testing or refinement. Judging the success of policy pilots is therefore complex, requiring more than a simple judgment against declared goals. Marsh and McConnell provide a framework against which policy success can be judged, distinguishing program success from process and political success. We adapt Boven's modification of this framework and apply it to policy pilots, arguing that pilot process, outcomes and longer-term effects can all be judged in both program and political terms. We test this new framework in a pilot program in the English National Health Service, the Vanguard program, showing how consideration of these different aspects of success sheds light on the program and its aftermath. We consider the implications of the framework for the comprehensive and multifaceted evaluation of policy pilots.     

Examining the Paradox of Crime Reporting: Are Disadvantaged Victims More Likely to Report to the Police?

This study uses an intersectional approach to examine the “paradox” that disadvantaged victims often mobilize the police, despite their distrust and lack of confidence in the law. Data from the National Crime Victimization Survey (1994–2016) were analyzed using logistic regression to model the predicted probabilities of police notification by victims of crime. Economic disadvantage, as measured by family poverty and lack of a high school education, increased the probability that females reported their victimization to the police, but decreased the likelihood that males did so. Economically disadvantaged black females had the highest probability of reporting, while economically disadvantaged black and Hispanic males had the lowest. Examining the intersectional differences across social groups shows that reporting behavior is not just a function of one attribute but rather is a function of multiple identities and structural inequalities.     

Real Lives and Lost Lives: Making Sense of ‘Locked in’ Responses to Intimate Partner Homicide

The problem of intimate partner homicide is featuring increasingly on national and international policy agendas. Over the last 40 years, responses to this issue have been characterised by preventive strategies (including ‘positive’ policing; the proliferation of risk assessment tools, and multi-agency working) and post-event analyses (including police inquiries and domestic homicide reviews). In different ways, each of these responses has become ‘locked in’ to policies. Drawing on an analysis of police inquiries into domestic homicides in England and Wales over a 10-year period, this paper will explore the nature of these ‘locked in’ responses and will suggest that complexity theory offers a useful lens through which to make sense of them and the ongoing consistent patterning of intimate partner homicide more generally. The paper will suggest this lens in embracing what is known and unknown affords a different way of thinking about and responding to this problem.

     

Fingerprint Change: Not Visible,But Tangible

Hand–foot syndrome, a chemotherapy‐induced cutaneous toxicity, can cause an alteration in fingerprints causing a setback for cancer patients due to the occurrence of false rejections. A colon cancer patient was fingerprinted after not having been able to use fingerprint recognition devices after 6 months of adjuvant chemotherapy. The fingerprint images were digitally processed to improve fingerprint definition without altering the papillary design. No evidence of skin toxicity was present. Two months later, the situation returned to normal. The fingerprint evaluation conducted on 15 identification points highlighted the quantitative and qualitative fingerprint alteration details detected after the end of chemotherapy and 2 months later. Fingerprint alteration during chemotherapy has been reported, but to our knowledge, this particular case is the first ever reported without evident clinical signs. Alternative fingerprint identification methods as well as improved biometric identification systems are needed in case of unexpected situations.     

Victimization and Poly-Victimization in Adolescent Outpatients from Mental Health Centers: A Case-Control Study

The aims of the present study were to establish interpersonal victimization rates in a clinical sample and to analyze this sample’s risk of victimization relative to the general population. The sample was composed of 472 adolescents (12–17 years of age): 118 outpatients from public mental health centers and 354 students who were matched by age and sex. Following previous studies, this research defined poly-victimization as four or more victimization types occurring during the previous year. The clinical group was more likely to report sexual victimization (OR = 9.540), conventional crime (OR = 3.120), caregiver victimization (OR = 3.469), witnessing and indirect victimization (OR = 3.466), electronic victimization (OR = 2.809), and poly-victimization (OR = 4.319) compared with the control group. Clinical samples present an increased risk of interpersonal poly-victimization compared with the general population. The influence of poly-victimization on mental health should be considered in the evaluation and treatment of adolescent outpatients.